Dow Drop Pushes Weekly Loss To 5%
...Consumer spending is a key driver for U.S. economic growth and corporate profits. Adding to the grim mood, J.C. Penney and Abercrombie & Fitch gave disappointing outlooks and said shoppers look like they will be reining in spending this holiday season. Abercrombie...
Wall Street Slides On Bleak Economic Data, Techonolgy, Retailers Drag
...Home Depot (NYSE: HD) fell $1.69 or 7.6% to $20.54. Wal-Mart (NYSE: WMT) gave off $2022 or 4.04% to $52.71. Shares of Abercrombie & Fitch Co. (NYSE: ANF) plunged $4.65 or 20.72% to $17.79 after announced its third-quarter earnings fell to $63.9 million,...
Weekend Edition: Frugality becomes the latest holiday shopping fashion trend
...Centers. Retailers that concentrate heavily on apparel and discretionary merchandise, including Gap Inc. (GPS: , , ) , Abercrombie & Fitch Co. (ANF: , , ) and Nordstrom Inc. (JWN: , , ) , were among the most hurt and saw their sales awash in a sea of red. ...
Sharp Drop Ends Volatile Week On Wall St.
...what they fear will be a poor holiday shopping season, said CBS News correspondent Alexis Christoforous. Both Abercrombie & Fitch Co. and JCPenney Co. warned that profits will come in below Wall Street's already lowered projections as retailers head into a...
Wall Street Close: Stocks Retreat As Investors Refocus On Economy
...2001 in the wake of the terrorist attacks that year. The market got more disappointing consumer news from retailers Abercrombie & Fitch Co. and JCPenney Co. Both warned that profits will come in below Wall Street's already lowered projections as retailers...
Wall Street ends the week with a sharp drop
...fell as the string of disappointing earnings and outlooks continued. JCPenney lost $2.01, or 10.4 percent, to $17.27. Abercrombie & Fitch tumbled $4.65, or 20.7 percent, to a 52-week low of $17.79. The dollar rose against other major currencies. Gold prices...
Dow Jones Drops 377 Points After See-Saw Day In Stock Market
...in J. C. Penney were down 10 percent as stores ranging from luxury retailers to discount super centers took a hit. Shares in Abercrombie & Fitch fell by 20 percent after the clothing retailer reported that its revenue had fallen 8 percent, and warned that...
Stocks Tumble as Investors Refocus on Economy
...the wake of the terrorist attacks that year. The market got more disappointing consumer news from retailers Abercrombie & Fitch Co. and JCPenney Co. Both warned that profits will come in below Wall Street's already lowered projections as retailers head into...
Last-Minute Tumble
...outlook. The retailer sees sales declining 7 % to 9% this quarter after an 8.7% slide in the third quarter. Abercrombie & Fitch (ANF) fell sharply after the retailer cut its full-year outlook well below analyst expectations and slashed its capital spending...
MarketWatch's Top Stories Of The Week, Nov. 10-14
...bankruptcy protection. Get more on the story. Joining Best Buy and a host of other retailers, JC Penney (JCP) and Abercrombie & Fitch (ANF) posted sharp drops in earnings and gave financial forecasts that fell short of forecasts. These two companies are...
